Spok Holdings, Inc. (NASDAQ:SPOK) Short Interest Up 30.4% in January

Spok Holdings, Inc. (NASDAQ:SPOK) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 428,096 shares, a growth of 30.4% from the January 15th total of 328,368 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average trading volume of 166,939 shares, the days-to-cover ratio is currently 2.6 days. Based on an average trading volume of 166,939 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.2% of the shares of the stock are short sold.

Spok Trading Up 0.1%

Spok stock opened at $13.73 on Wednesday. The stock has a 50-day moving average price of $13.28 and a 200 day moving average price of $15.04. Spok has a 52 week low of $12.26 and a 52 week high of $19.31. The stock has a market cap of $282.84 million, a PE ratio of 17.16 and a beta of 0.41.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Spok in a research report on Monday, December 29th. Wall Street Zen downgraded Spok from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $20.00.

Institutional Trading of Spok

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Spok in the third quarter valued at approximately $1,283,000. Magnetar Financial LLC acquired a new stake in shares of Spok in the second quarter worth $327,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Spok by 41.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 198,978 shares of the Wireless communications provider’s stock valued at $3,518,000 after acquiring an additional 58,416 shares during the period. R Squared Ltd acquired a new position in shares of Spok during the 2nd quarter valued at $308,000. Finally, CSM Advisors LLC acquired a new position in shares of Spok during the 2nd quarter valued at $6,175,000. Institutional investors and hedge funds own 50.81% of the company’s stock.

Spok Company Profile

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.